KILCHBERG, Switzerland, March 10 (Reuters) - Swiss chocolate maker Lindt & Spruengli said it was difficult to say how cocoa prices could develop this year, although packaging and transport costs could
Lindt CFO: Higher Oil Prices Will Raise Transport and Packaging Costs in 2024
Impact of Oil Prices and Market Uncertainty on Lindt's Costs
KILCHBERG, Switzerland, March 10 (Reuters) - Swiss chocolate maker Lindt & Spruengli said it was difficult to say how cocoa prices could develop this year, although packaging and transport costs could rise due to higher oil prices, CFO Martin Hug said on Tuesday.
Uncertainty in Cocoa Price Development
"It's difficult to say where the market will go. It would not surprise me if we had a bit of a correction in the next few weeks," Hug told journalists after Lindt reported its full year figures.
Other Cost Pressures Beyond Cocoa
"Even though cocoa bean prices are coming down, of course there are, in the current environment, other costs that may go up and will go up," Hug said, referring to fuel prices, which increase transport and packaging costs.
Reporting and Editorial Credits
(Reporting by John Revill, Editing by Miranda Murray)
